Korean Job Discussion Forums

[merryprankster]

I've been working at the same hagwon for well over a year now and I'll be leaving after this (my 2nd) year. I know that I'm entitled to a month's worth of wages after one year. Should that be payed right after the completion of the first year or will I get two years worth of bonuses at severence?

My boss has been jerking some of the other teachers around and I want to make sure that I get what I'm entitled to- the hagwon isn't doing terribly well, but I've made too many sacrifices for this place to pass on the bonus.

Thanks

Dave

[kylehawkins2000]

I would have asked for the 'One-Year Severence Pay' when it was due: at the end of the one-year period. When I renewed at the same place I got my severence pay and airfare reimbursement with my last month's pay.

If he didn't pay you at that time I would suggest that you make him pay up as soon as possible. If you trust him to pay the total owing (eg. three months pay for your final pay check) you might want to take some precautions.......perhaps let him think that you'll be sticking around for a bit as a tourist or that you are taking another job so you'll be remaining in the country. It seems like an awful lot of directors say they'll send the money to you after you leave then conveniently 'forget' to do it.

[kangnamdragon]

If you make more money your second year, your severence will be larger. Your severence is your average salary for the last three months of employment x the number of years you are employed. Let's say you work at a job for 3 years, making 2.0, 2.1, then 2.2 per month. If you take the severence every year, you would get 6.3 total, but if you wait until the end of 3 years, you would get 6.6. Technically, as you finish a new contract every year you could wait, or take the severence every year. The advantages of taking the severence every year are:

1. just in case your employer runs out of money,

2. you could invest it and make more money than if you wait, and

3. you may need the money now.



P.S. I hope this post was not too boring and predictable for readers from New Zealand. , but at least it is educational.

[waterbaby]

Your boss is not required by law to pay you severance at the end of your first year if you re-sign continue to work there. If you think the situation is not looking good for getting it in the future, then start negotiating for it now. Would he even know that he doesn't have to pay it now?

And even if you don't complete another full 12 months, your boss is required to pay severence pro-rata for any additional time over the 12 month period

[sadsac]

Ask him for your first years end of contract payment. Tell him you need to send it home to your mum and dad or some such story. Don't wait until your second contact is finished. He should have paid you at the completion of your first contract.

[mindmetoo]